US EditionNexperia Shockwaves Hit Auto Industry as Europe and Japan Slash Output
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6 Articles
Nexperia shockwaves hit auto industry as Europe and Japan slash output
The Dutch government recently suspended its administrative order against Nexperia and returned control of the chipmaker to its Chinese parent company, Wingtech Technology. While the move has softened diplomatic friction between the Netherlands and China, the supply-chain turmoil triggered by the dispute continues to ripple outward, forcing European and Japanese automakers to cut production.
Netherlands suspends Nexperia takeover order as China eases export curbs — de-escalation could be welcome break for automotive industry
(Image credit: Getty / NurPhoto) The Dutch government has suspended its emergency order to oversee chipmaker Nexperia, returning operational control to Chinese parent company Wingtech following a breakthrough in talks, according to reporting by Bloomberg.Economic Affairs Minister Vincent Karremans announced the decision on Wednesday, November 19, saying the company “shows no signs of continuing the behavior that prompted my order, nor any inten…
After China cut the supply of chips putting car manufacturers in trouble, the Netherlands government withdrew state intervention in Nexeria issued under the Goods Availability Act. Vincent Karremans, Netherlands Minister of Economic Affairs, said the decision to suspend the intervention was made after constructive meetings with the Chinese authorities and to take steps to ensure the provision of chips. At the end of September this year, the Dutc…
The Netherlands relinquishes control of Nexperia: chip crisis is more distant. Here's what changes for the auto industry and relations with China.
The Netherlands has withdrawn Nexperia’s intervention after positive negotiations with Chinese authorities. Dutch Minister of Economy Vincent Karremans suspends his intervention against Nexperia’s microchips that had in check a large part of the automotive sector in Europe, although manufacturers are still on the alarms despite China’s promise.For now, one of the big ‘fires’ in the engine industry in Europe seems to be controlled, although perha…
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